New Autonomous Vehicle Laws in Michigan Are ‘Thrilling’ for Industry, Expert Says

The legislation around driverless cars (or the absence of it) is one of the main concerns among manufacturers and software companies that operate in the field. But the newest set of bills – signed into law by Michigan Governor Rick Snyder last week – are set to change that. Starting Friday, Michigan allows for the […]
  • Diana Asatryan
  • December 13, 2016
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PolySync to Democratise Autonomous Research with Open Source Platform

In the tech world, open-source software is an increasingly popular model for developers to share and learn through collaboration, and thus drive innovation. Not so much in the auto world. But a Portland, Ore.-based software startup is set to change that. PolySync, which develops next generation software for autonomous cars, announced the launch of Open […]
  • Diana Asatryan
  • December 12, 2016
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Collaborate to Innovate Mobility, Expert Says

Cross-pollination between tech companies and auto manufacturers is no longer optional, it’s a “necessary,” Michael Macauley, chief executive of Quadrant Information Services, cautioned. “As cars become devices that we drive or don’t drive, and devices become more integrated with our transportation experience across modes,” the two industries need to learn to work together rather than […]
  • Diana Asatryan
  • December 9, 2016
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Driverless Cars Put Insurers on a Complex New Road

In August, Ford Motor Co. announced plans to produce fully autonomous cars by 2021. These vehicles will be manufactured in high-volume production and will be tailored for ride-hailing and ride-sharing operations, which means they will not have steering wheels, brake pedals, or other controls for human occupants. “This is a new world for insurers,” said […]
  • Quadrant Information Services
  • September 28, 2016
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Lenders Seek Balance When Investing in Innovation

It’s no secret that being first to market when investing in innovation can offer a competitive edge, but lenders must be prepared for the complications that come with investing in unproven technology. However, those that don’t lead the charge, risk being too late to the punch — so where is the balance? The real risk […]
  • Natalie Mattila
  • July 27, 2016
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Finance and Mobility Are Converging in Wonderful Ways

Like so many elements in auto finance, true drivers of economic growth are difficult to discern. Think back to the credit crisis, when it took a beat or two for the White House to realize that the demise of GMAC and Chrysler Financial meant the demise of the auto industry. They fixed that problem quick […]
  • JJ Hornblass
  • May 16, 2016
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Mobility Trends Set to Transform Auto Finance

Consumers’ rapid shift to mobile devices has shaped their expectations of products and services in their day-to-day lives. Mobility trends have certainly penetrated the car market, and are on the way to changing the auto financing model too, experts say. Even though many of the trends will not be immediate, the industry should be prepared, […]
  • Diana Asatryan
  • April 15, 2016
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How Auto Finance Responds to Disruption

Auto manufactures have been harnessing tech innovations to transform the industry landscape into a connected, ridesharing, driverless, and smartphone-dominated industry. In that same vein, what does this mean for auto finance? “There is an incredible amount of acceleration in the [auto finance] space, and this is when you see legacy companies partner with new companies,” […]
  • Diana Asatryan
  • March 11, 2016
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